Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,486,854 shares of the industrial products company's stock after acquiring an additional 57,428 shares during the period. Ensign Peak Advisors Inc owned approximately 0.37% of Ingersoll Rand worth $134,501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. Principal Financial Group Inc. lifted its position in shares of Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company's stock valued at $45,884,000 after acquiring an additional 3,165 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Ingersoll Rand by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company's stock valued at $1,789,376,000 after acquiring an additional 1,462,538 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Ingersoll Rand by 3.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,549 shares of the industrial products company's stock valued at $1,428,000 after acquiring an additional 441 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Ingersoll Rand by 42.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,763 shares of the industrial products company's stock valued at $159,000 after acquiring an additional 528 shares in the last quarter. Finally, Czech National Bank increased its holdings in Ingersoll Rand by 6.3% during the 4th quarter. Czech National Bank now owns 87,381 shares of the industrial products company's stock valued at $7,904,000 after acquiring an additional 5,187 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on IR. Wells Fargo & Company raised their target price on shares of Ingersoll Rand from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup raised their target price on shares of Ingersoll Rand from $88.00 to $91.00 and gave the company a "buy" rating in a report on Monday, May 5th. Evercore ISI cut their price target on Ingersoll Rand from $100.00 to $91.00 and set an "in-line" rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus decreased their price objective on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Barclays decreased their price objective on Ingersoll Rand from $93.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.91.

Ingersoll Rand Trading Up 0.1%

Ingersoll Rand stock traded up $0.06 during trading on Friday, hitting $79.29. The company's stock had a trading volume of 3,023,738 shares, compared to its average volume of 2,601,892. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 3.50 and a beta of 1.42. The stock's fifty day moving average is $77.05 and its 200 day moving average is $88.48. Ingersoll Rand Inc. has a 1-year low of $65.61 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.29.

Ingersoll Rand (NYSE:IR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. Ingersoll Rand had a net margin of 11.59% and a return on equity of 12.78%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. As a group, equities research analysts predict that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.96%.

Ingersoll Rand announced that its board has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.